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Ethereum's price spiked above $3,600 after rumors that the SEC has asked ETF applicants to resubmit filings. Trading volumes exceeded 200% in the past day as sentiment turned bullish on a potential ETF approval, similar to what happened in January for Bitcoin ETFs. ETH's market cap increased by half of Solana's in just 3 minutes during the spike, creating the largest ever daily candle. If approved, ETH could quickly reach $4,000-$5,000 by year's end. Without approval, prices may retrace to $3,000.
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About 48% ofIndian voters had cast ballots in Monday's fifth phase of the world's largest election, which began on April 19.<br/><br/>Election officials travelled seven hours, spent a night at a polling station and scrambled for electricity and internet connections to ensure five people in a remote Himalayan village could vote in national elections on Monday.<br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline
⏲ 1:59 👁 3.3M
A mammoth transfer of more than a billion worth of Bitcoin, accomplished by paying a fraction in fees, grabbed the market's attention, leading to discussions around the nature of the transfer.
⏲ 0:47 👁 1.6M
Trump Media reports first-quarter revenue of $770,500 versus analyst estimates of $1.12 million. Trump Media reports a quarterly loss of $3.61 per share.
⏲ 0:50 👁 935K
Tesla is reportedly attempting to address grievances from European leasing companies following repeated retail price cuts and slow service. The automaker has been offering unofficial discounts on new car purchases and working to resolve service and repair complaints, Reuters reported on Monday. This comes after fleet managers and leasing firms reported that Tesla had previously ignored these issues.
⏲ 0:55 👁 1.1M
China, Malaysia's largest trading partner for the past 15 years, is vital in the development of the country's telecommunications and digital economy.<br/><br/>Deputy Communications Minister Teo Nie Ching said Malaysia and China have complementary strengths in the telecommunications and digital economy, allowing both sides to collaborate and create new opportunities for businesses and consumers.<br/><br/>Read more at https://shorturl.at/diakl<br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline
⏲ 2:29 👁 2.7M
AMC Entertainment shares rallied over 135% in the first two days of the week due to a resurgence of meme stock trading fueled by Roaring Kitty's return. However, Barrington analyst James Goss maintained a Neutral rating, noting AMC's Q1 revenue fell slightly. Box office revenues in April were down around 50% and May box office sales have been sluggish compared to 2023 levels. Goss expects the challenging environment for AMC to persist through most of 2024 before potentially rebounding in 2025.
⏲ 0:36 👁 910K
There appears to be some rumbling among the members of the Seamen and Waterfront Workers' Trade Union.<br/><br/>At a news conference on Tuesday, questions and concerns were raised about developments with the union's leadership.
⏲ 0:55 👁 2.7M
Jamie Dimon, the CEO of JPMorgan Chase & Co, has voiced concerns about the persistent inflationary pressures in the U.S. economy. He suggests that these pressures may lead to a prolonged period of higher interest rates than what investors anticipate.
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The stock market is set to continue its bull run for another three to five years before an AI bubble bursts, according to veteran tech analyst Gene Munster. Munster, the managing partner at Deepwater Asset Management, predicts that the stock market will continue to rise due to the increasing adoption of AI technologies. He believes that this trend will drive the market for the next three to five years, reported Business Insider.
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‘We’re going to spend oil money as a checkbook,’ says investment chief Peter Ramsaroop, presiding over 30% GDP growth. ‘This is the last time you will see such a development in the world.’<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/christopherhelman/2024/05/09/guyana-touts-itself-as-capitalist-paradise---for-more-than-just-big-oil/?sh=6c29c2e07994<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
⏲ 5:31 👁 375K
Traders are bracing for a significant shift in Nvidia shares following the company’s earnings report on Wednesday, Reuters reported on Tuesday. Options markets in the U.S. indicate an expected 8.7% swing in Nvidia’s stock by Friday, as per data from Trade Alert. This move could equate to a market cap fluctuation of $200 billion, surpassing the market cap of about 90% of S&P 500 companies.
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